Icici Lombard General Insurance Co. Ltd. · NSE:ICICIGI

Icici Lombard General Insurance — 9M FY2026 Earnings Presentation

32 slides from Icici Lombard General Insurance's earnings presentation, 2026

  1. Slide 1: 9M2026 Performance Review

    9M2026 Performance Review

  2. Slide 2: Safe harbor

    Safe harbor : Except for the historical information contained herein, statements in this release which contain words or phrases such as 'will' , 'would' , ‘indicating’ , ‘expected to’ etc., and similar expressions or variations of such expressions may constitute 'forward- looking statements'. These

  3. Slide 3: Agenda

    Agenda • Company Strategy • Financial Performance • ESG Initiatives • Industry Overview

  4. Slide 4: Agenda

    Agenda • Company Strategy • Financial Performance • ESG Initiatives • Industry Overview

  5. Slide 5: Our Strategic Pillars

    Our Strategic Pillars Maintain market leadership and deliver steady ROE across multiple time periods 2. Comprehensive 1. Profitable Growth Product Portfolio & Ensuring sustainable and Diversified Distribution profitable growth while Product innovation ; maintaining our leadership Driving multiple ch

  6. Slide 6: A balanced product mix supported by a Comprehensive Product portfolio

    A balanced product mix supported by a Comprehensive Product portfolio* 11% 11% 11% 11% Others 4% 5% 3% 7% 3% 3% 3% 3% Crop 14% 12% 14% 12% Marine 29% 29% 28% 30% Fire Health, Travel & PA 20% 20% 19% 19% Motor TP Motor OD 19% 20% 20% 20% FY2024 FY2025 9M2025 9M2026 6 *Basis GDPI figures

  7. Slide 7: Comprehensive Product Portfolio: Motor

    Comprehensive Product Portfolio: Motor ₹ billion Motor GDPI and Mix Type Q32025 Q32026 Growth 9M2025 9M2026 Growth Q32025 Q32026 9M2025 9M2026 Private Car 16.46 17.81 8.2% 42.14 44.75 6.2% 52.9% 52.4% 52.9% 53.6% Two-wheeler 8.29 8.81 6.2% 20.56 21.58 4.9% 26.7% 25.9% 25.8% 25.8% Commercial Vehicle

  8. Slide 8: Comprehensive Product Portfolio: Health

    Comprehensive Product Portfolio: Health* ₹ billion Health, Travel & PA GDPI and Mix Type Q32025 Q32026 Growth 9M2025 9M2026 Growth Q32025 Q32026 9M2025 9M2026 Individual 3.54 6.75 90.7% 11.27 16.78 49.0% 24.4% 33.0% 19.5% 25.9% Group - Others 3.26 3.59 10.4% 13.91 10.57 -24.1% 22.4% 17.6% 24.0% 16.3

  9. Slide 9: Comprehensive Product Portfolio: P & C

    Comprehensive Product Portfolio: P & C ₹ billion Property & Casualty (P&C) GDPI and Mix Type Q32025 Q32026 Growth 9M2025 9M2026 Growth Q32025 Q32026 9M2025 9M2026 Fire 5.43 6.44 18.8% 24.27 28.17 16.1% 49.0% 51.9% 55.9% 58.7% Engineering 2.52 2.91 15.2% 7.78 8.82 13.3% 22.8% 23.4% 17.9% 18.4% Marine

  10. Slide 10: Focus on diversified Portfolio and Distribution

    Focus on diversified Portfolio and Distribution Channel Mix 4% 3% 4% 3% 14% 15% 14% 16% Branches 12% 12% 11% 338 14% Brokers 18% 19% 16% 792 19% Individual Agents^ 150,458 Corporate Agents 54% 324 49% 52% 51% Employees 14,937 FY2024 FY2025 9M2025 9M2026 Brokers Direct Corporate Agents Individual Age

  11. Slide 11: Risk Management

    Risk Management Value Added Reinsurance Reserving Investments Underwriting Services • Risk Committee* • Proactive risk • Spread of risk through • Conservative • High proportion of Debt top quality and portfolio in sovereign or framework for risks management for reserving philosophy diversified reins

  12. Slide 12: Technology has helped us optimise processes and better serve our customers

    Technology has helped us optimise processes and better serve our customers Customer sourcing Claims payment Call centre Renewals • 99.6% policies issued • 96.8% of Motor Own • Differentiated service • Focused renewal execution electronically in 9M2026 Damage and 99.6% of desks have been created usin

  13. Slide 13: Agenda

    Agenda • Company Strategy • Financial Performance • ESG Initiatives • Industry Overview

  14. Slide 14: Key Highlights

    Key Highlights ₹ billion Particulars FY2024 FY2025 9M2025 9M2026 Financials Gross Written Premium 255.94 282.58 213.54 225.44 Gross Direct Premium Income (GDPI) 247.76 268.33 206.23 213.72 GDPI Growth 17.8% 8.3% 10.3% 3.6% Combined Ratio (CoR) 103.3% 102.8% 102.9% 104.2% Profit after Tax 19.19 25.08

  15. Slide 15: Financial Performance

    Financial Performance ₹ billion Combined ratio (CoR) (%)* Return on average Equity (ROAE) (%) 104.5% 104.2% 103.3% 102.8% 102.7% 102.9% 21.5% 20.8% 19.1% 19.5% 17.2% 16.5% FY2024 FY2025 Q32025 Q32026 9M2025 9M2026 FY2024 FY2025 Q32025 Q32026 9M2025 9M2026 Profit before Tax (PBT) Growth Profit after

  16. Slide 16: Financial Performance

    Financial Performance Particulars On n basis On 1/n basis On n basis On 1/n basis (₹ in billions) Q32026 Q32026 9M2026 9M2026 GDPI 73.47 70.41 223.58 213.72 GDPI Growth 12.6% 13.3% 6.8% 3.6% PAT 6.80 6.59 22.22 22.25 PAT Growth 0.2% -9.1% 13.8% 11.3% PAT Growth (excl. Wage Code impact) 6.3% -3.3% 15

  17. Slide 17: Robust Investment Performance

    Robust Investment Performance ₹ billion Realised Return (%) Investment Book Investment Leverage2 4.09x 3.74x 3.76x 3.60x 7.98% 8.42% 1 1 582.96 6.69% 6.74% 535.08 515.97 489.07 1 1 2.15% 2.09% FY2024 FY2025 Q32025 Q32026 9M2025 9M2026 FY2024 FY2025 9M2025 9M2026  Investment portfolio mix3 for 9M202

  18. Slide 18: Agenda

    Agenda • Company Strategy • Financial Performance • ESG Initiatives • Industry Overview

  19. Slide 19: ESG Disclosures

    ESG Highlights MSCI ESG Rating MSCI ESG Rating upgraded to  Implementing business practices that encourage minimizing paper “AAA” from “A” AAA usage, responsible management and disposal of waste E  Sustained investments in Green Bonds A  Value-added risk management solutions that enable customers

  20. Slide 20: Agenda

    Agenda • Company Strategy • Financial Performance • ESG Initiatives • Industry Overview

  21. Slide 21: General Insurance Industry – Steady growth through various phases of evolution

    General Insurance Industry – Steady growth through various phases of evolution GDPI (₹ billion) 8.3% 3.6% FY2001 to FY2008 ICICI Lombard Tariff era CAGR/Growth 73.3% Industry growth CAGR - 16.6% 6.2% 8.7% ICICI Lombard growth CAGR - 73.3% (incorporated in FY2001, grew on a small 3,076.59 base) Indus

  22. Slide 22: Non-Life Insurance Market: Large TAM in India

    Non - Life Insurance Market: Large TAM* in India Non-life premium in USD billion 2,715.51 Significantly underpenetrated 9.4 Premium as a % of GDP (CY24) 98.03 5.3 India: US$ EA^: US$ World: US$ 150.43 9.66 80.94 348.06 40.97 36.32 13.98 8.52 36.32 billion 417.37 billion 4,601.69 billion 2.6 2.4 2.0

  23. Slide 23: Thank You

    Qrcic1Giombard Thank You

  24. Slide 24: Annexure

    @icier€.ombard Annexure

  25. Slide 25: Loss Ratio

    Loss Ratio Particulars FY2024 FY2025 Q32025 Q32026 9M2025 9M2026 Motor OD 63.5% 65.2% 62.0% 70.2% 64.1% 69.1% Motor TP 66.8% 63.2% 51.3% 61.0% 60.1% 63.4% Health,Travel & PA 78.9% 82.2% 81.3% 74.7% 82.5% 77.5% Crop 88.4% 89.2% 68.1% 87.4% 91.1% 108.4% Fire 62.2% 46.8% 40.2% 37.8% 50.1% 55.6% Marine

  26. Slide 26: Impact of catastrophic events: Historical snapshot

    Impact of catastrophic events: Historical snapshot ₹ billion Economic Insured IL’s Share of IL’s Market IL’s P&C Catastrophic Event Year Losses* losses* Insured losses share# Market share# Andhra Pradesh & Telangana floods 2024 - 5.00 4.98% 8.7% 10.6% North India floods 2024 - 4.00 6.33% 8.7% 10.6%

  27. Slide 27: Reserving Triangle Disclosure: Total

    1 Reserving Triangle Disclosure: Total ₹ billion Incurred Losses and Allocated Expenses (Ultimate Movement) As at March 31, 2025 Prior* AY 16 AY 17 AY 18 AY 19 AY 20 AY 21 AY 22 AY 23 AY 24 AY 25 End of First Year 226.65 49.39 59.24 62.46 77.00 87.33 83.76 101.17 114.84 130.33 152.39 One year later

  28. Slide 28: Reserving Triangle Disclosure: IMTPIP

    Reserving Triangle Disclosure: IMTPIP ₹ billion Incurred Losses and Allocated Expenses (Ultimates movement) As at March 31, 2025 AY 08 AY 09 AY 10 AY 11 AY 12 AY 13 End of First Year 2.71 One year later 3.85 2.72 Two years later 4.49 3.85 3.54 Three years later 5.81 4.49 5.52 3.61 Four years later 6

  29. Slide 29: Reserving Triangle Disclosure: Motor-TP (excl. IMTPIP)

    Reserving Triangle Disclosure: Motor-TP (excl. IMTPIP) ₹ billion Incurred Losses and Allocated Expenses (Ultimate Movement) As at March 31, 2025 Prior* AY 16 AY 17 AY 18 AY 19 AY 20 AY 21 AY 22 AY 23 AY 24 AY 25 End of First Year 41.81 15.97 17.05 19.98 24.41 31.55 25.15 28.07 35.39 38.07 40.80 One

  30. Slide 30: Reserving Triangle Disclosure: Total (excl. Motor-TP)

    Reserving Triangle Disclosure: Total (excl. Motor-TP) ₹ billion Incurred Losses and Allocated Expenses (Ultimate Movement) As at March 31, 2025 Prior* AY 16 AY 17 AY 18 AY 19 AY 20 AY 21 AY 22 AY 23 AY 24 AY 25 End of First Year 184.84 33.42 42.19 42.48 52.58 55.78 58.61 73.11 79.46 92.26 111.59 One

  31. Slide 31: Customer Initiatives

    Customer Initiatives Call Centre Claims NPS Health NPS at the Call Centre Cashless & Non-cashless 58 65 79 83 78 77 71 77 71 71 75 75 76 In 9M2025 In 9M2026 65 67 70 69 72 65 68 63 60 57 63 Growth in digital servicing adoption: Digital Servicing (FY2022 >> FY2025) Adoption: 48.2% in 9M2026 Q4-23 Q1-

  32. Slide 32: Abbreviations & Glossary

    Abbreviations & Glossary: AI - Artificial Intelligence J&K – Jammu & Kashmir AT1 - Additional Tier-1 LODR - Listing Obligations and Disclosure Requirements App - Application Motor TP – Motor Third Party AY – Accident Year Mn – Million AUM - Assets Under Management MS – Market Share Bn - billion MSCI

ICICI Lombard General Insurance Company — 9M FY2026 Earnings Presentation on 6ix